Central and Eastern Europe
In: IMF Staff Country Reports v.Country Report No. 15/98
Cover Page -- Title Page -- Copyright Page -- Contents -- Boxes -- Figures -- Appendices -- Boxes -- Table -- Appendix -- Figures -- Tables -- Appendices -- Box -- Figures -- Tables -- Annex -- A. European Integration and Euro Adoption -- B. Advantages from Adopting the Euro -- 1. Euro Premium, 2001-13 -- C. Advantages from Preserving Monetary Policy Autonomy and Exchange Rate Flexibility -- 2. New Member States: Monetary Policy, 2003-07 -- 3. New Member States: Monetary Policy, 2008-14 -- D. The Impact of Euro Adoption on Macroeconomic Policy Frameworks -- E. Conclusions -- 1. The 2004 IMF Study, and New Evidence on its Main Findings -- 2. New Member States, Euro Adoption, and the Theory of Optimal Currency Areas -- 3. Economic and Price Convergence in Emerging Europe -- I. Estimating the Euro Premium -- II. The Index of Monetary Conditions -- III. Model-Based Inflation Variance Decomposition -- References -- Euro Adoption-Macroeconomic Benefits and Challenges -- A. Why Did Europe Need a Banking Union? -- B. Banking Union Modalities and What an Early "Opt-In" Entails -- C. Banking Union Opt-In: Pros and Cons for Non-Euro EU Countries -- 1. Benefits and Costs of Joining Banking Union for Non-Euro Area Countries -- D. Conclusions -- 1. Key Elements of the Euro Area Banking Union -- 2. The SSM Modalities -- 3. The SRM Modalities -- 4. Macroprudential Policy Space for BU members -- 5. Theoretical Considerations in Designing an Optiomal Banking Union -- 6. Cross-Country Differences in Policymakers Relative Preference for Promoting Domestic Banks -- I. Largeset Banks in NMS-6 and their Ultimate Owners -- References -- Opting into the Banking Union Before Euro Adoption -- A. Public Pension Systems in New Member States: The Broad Picture -- 1. Selected European Countries: Key Demographic Data -- 1. Pension Spending Projections